South Dakota Closing Costs Calculator
Estimate closing costs for buying a home in South Dakota. Average closing costs run 0.7% of the purchase price (about $2K on the median home).
South Dakota: Avg closing costs 0.7% of price. Transfer tax: 0.1%.
Lender Fees
$2,549
origination, underwriting
Third-Party
$2,925
appraisal, title, inspection
Government Fees
$295
transfer taxes, recording
Prepaids + Escrow
$5,192
taxes, insurance, interest
Itemized Costs
Loan Origination (0.8%)$2,124
Underwriting Fee$350
Credit Report$75
Appraisal$550
Home Inspection$450
Title Search + Insurance$1,775
Recording Fee$150
Transfer Tax$295
Prepaid Taxes (3 mo)$900
Prepaid Insurance (12 mo)$2,300
Prepaid Interest (15 days)$709
Escrow Reserves$1,283
Total Closing Costs$10,961
South Dakota Housing at a Glance
Median Home Price
$295K
South Dakota statewide
Property Tax Rate
1.22%
$300/mo on median
Avg Closing Costs
$2K
0.7% of purchase price
Homeowners Insurance
$2,300/yr
$192/mo
South Dakota First-Time Buyer Program
SDHDA First-Time Homebuyer
Down payment assistance: Fixed-rate FTB loans